Low Doc Home Loans
A Low Doc home loan is short for a low documentation home loan and is suitable for the self employed or people who are unable to provide full financial statements and other evidence of their income.
Advantages
- Less paperwork required during the home loan application process
- Application process for a low doc home loan is relatively quicker for the self employed than a full doc home loan
- Interest rate discounts may apply after a period of successful home loan repayments without default
- Suitable for the self employed or people with limited financial statements
Disadvantages
- The interest rate and home loan repayments are higher than a full doc home loan
- Lender's Mortgage Insurance is normally required on low doc home loans
Low Doc Home Loans
Mortgage House offers an extensive range of Low Doc Home Loans. Click on one of our Low Doc Home Loans below for further information.
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